These schemes enable an efficient, secure, economical and reliable system of
transfer of funds from remitter’s account in a particular bank to the
beneficiary’s account in another bank across the country
RTGS/ NEFT are the two schemes for transferring funds instantly to other Bank
branches electronically at cheaper rates
RTGS: An electronic payment system in which payment instructions between banks
are processed and settled individually and continuously, on a real time basis
during business hours. Minimum transaction value is Rs.2.00 lac.
NEFT: Another electronic payment system in which payment instructions between
banks are processed and settled on deferred net settlement (DNS) basis at fixed
times during the day. There is no minimum or maximum transaction value for
using this facility.
NEFT/RTGS – CONTACT DETAILS OF CUSTOMER FACILITATION CENTER